Filed January 11, 2022
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Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
| Metric | This plan | Peer set | Industry | Size |
|---|---|---|---|---|
| Avg account balance | $105,404 | $64,010+64.7% | $108,359-2.7% | $64,340+63.8% |
| Participation rate | 38.1% | 49.4%-11.3pp | 70.1%-32.0pp | 55.2%-17.2pp |
| Annual return | 14.17% | 19.74%-5.6pp | 36.89%-22.7pp | 24.14%-10.0pp |
| Employer contribution / active EE | $859 | $1,029-16.5% | $2,399-64.2% | $1,862-53.9% |
| Participant deferral / active EE | $1,754 | $2,395-26.8% | $4,137-57.6% | $2,980-41.1% |
| Admin fee / account holder | $6,271 | $4,885+28.4% | $9,741-35.6% | $3,703+69.4% |